Common use of Deficiency or Excess Payment Clause in Contracts

Deficiency or Excess Payment. If by agreement of the Parties, by court decision or pursuant to an audit, it is determined that there has been a deficiency or an excess in the payment made to the Royalty Holder, such deficiency or excess shall be resolved by adjusting the next Royalty payment due hereunder, provided that if any temporary or permanent closure has occurred, any such payment shall be made no later than 15 days following the determination of the Royalty as set out above to Owner or the Royalty Holder, as applicable.

Deficiency or Excess Payment. If If, by agreement of the Parties, by court decision or pursuant to an auditAudit, it is determined that there has been a deficiency or an excess in the a Royalty payment made to the Royalty Holder, such deficiency or excess shall be resolved by adjusting the next Royalty payment due hereunder, provided that if any temporary or permanent closure cessation of production has occurred, any such payment shall be made no later than 15 days following by the determination of the Royalty as set out above to Owner or the Royalty Holder, as applicable, no later than fifteen (15) days following the determination of such deficiency or excess in the Royalty payment.

Deficiency or Excess Payment. If by agreement of the Parties, by court decision or pursuant to an auditaudit in accordance with Section 5(a) or by a decision made in accordance with Section 28, it is determined that there has been a deficiency or an excess in the payment made to the Royalty HolderPayment, such deficiency or excess shall be resolved by adjusting the next Royalty payment due hereunder, Payment; provided that if any temporary or permanent closure has occurred, any such payment shall be made no later than 15 days following the determination of the Royalty as set out above to Owner or the Royalty Holder, as applicable.